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Given the current market conditions, do you still see property being the best investment?

I do, but know people who feel differently because of their financial circumstances. How would estate agents convince people that property is still the best long term investment? Thanks in advance for all comments.

Asked on Sep 21 2011, General in Penzance | Report content

Answers (3)

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  • Without doubt, yes! house prices in general (London and some South East parts excepted) are the lowest they have been since 2006 and earlier, therefore there is good value for money in buying property, particularly in investment opportunities. A convincing argument is this £150,000 invested in a bank may return you 3 - 3.25% interest gross of tax per annum. thats roughly £4,500. £150,000 invested in a property could return 6% gross of tax, thats £9,000 (based on a monthly let of £750 pcm) - Not only that but your capital investment in bricks and mortar, will at some future date increase in value, as property prices rise once more - When will this be? In simple terms as soon as the banks relax their lending criteria, and release the huge "bottleneck" of otherwise would be buyers into the property market. For what it's worth my prediction is this will be as soon as 2014.

    Answered on Sep 24 2011, Report content
  • Superb response, thanks.

    Answered on Oct 3 2011, Report content
  • Perhaps if Estate Agents were more rigorously regulated and the rogues agents were shut down the public would have more faith in their advice and guidance...

    Answered on Feb 14 2014, Report content

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